The Government has
launched a scheme called ‘Mahatma Gandhi Pravasi Suraksha Yojana’ (MGPSY)
for Indian workers holding Emigration Check Required (ECR) passports and
a valid work permit in an ECR country. This scheme encourages and
enables Overseas Indian Workers to save for their return and
resettlement and to save for their old age by providing a
co-contribution from the Government. This also provides a free Life
Insurance Cover against natural death during the period of coverage,
under this scheme. However, there is no proposal to introduce a special
package for Indian workers returning to India from conflict-ridden
countries. There is also no plan to start a “Pravasi Bank” for Overseas
Indians by the Ministry.
This information was given by the Minister of Overseas Indian Affairs,
Shri Vayalar Ravi in a written reply in the Lok Sabha today.